Sample questions relating to Penn Lease Extensions
I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process
We hope to sell our garden flat in Penn but we may need to extend the lease, or possibly cover the expense of our buyers. Are you able to recommend someone to help us?
We are the registered owners of a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Penn and looking to do a vesting order. Is this something you can do for us?
I have a leasehold flat in Penn. I have built a huge extension and have not informed the freeholder. What are my options?
I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a studio flat in Penn, where the lease is roughly 77 years but she was informed by the estate agents that the flat owner had extended it to 99 years. She has now been advised the seller was holding off for her to appoint solicitors before commencing with the lease extension. Sounds devious, also it may take time to sort it all out. Am I being too sceptical?
We have owned a leasehold flat for about eighteen years. There are sixety eight years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
I am planning to extend the lease on my studio flat in Penn I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
My husband and I would like to know the cost of a lease extension valuation for a property based in Penn. Would you be able to help?
I'm living with my parents but have a one bedroom first floor purpose built flat in Penn let out which has a seventy three year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Penn for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
I am currently negotiating a lease extension for my flat in Penn as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Penn